Accounting & Auditing Services

Accounting and auditing is spotting, measuring and conveying economic information so that a person can make informed economic judgements and decision based on the given information. It is a degree of measurement of financial transactions which are legal property rights made under contractual relationships and were transferred. Transactions that are made non-financially are specially excluded because of conservatism and materiality principles.

These accountants or auditors can be certified by a variety of organisations or bodies, such as the Association of Accounting Technicians, Chartered Institute of Management Accountants, Institute of Chartered Accountants, Association of International Accountants, Chartered Management Accountant, Chartered Certified Accountant, international Accountant, Certified Public Accountant, Certified General Accountant, Certified Practicing Accountant, and many other organisations. Other than the certifying bodies, accountants or auditors may be part of firms. The largest multinational accountancy firms are PricewaterhouseCoopers (PwC), Deloitte Touche Tohmatsu, KPMG, and Ernst 7 Young. These four firms are associations of the partnerships in many countries rather than having a classical structure of holding companies and subsidiaries. But each of them have an international ‘umbrella’ organisation for coordination.

Here are some of the services that all accountants and auditors provide:

• lean accounting
• cost accounting
• cash-basis and accrual-basis accounting
• financial accountancy
• fund Accounting
• internal accounting
• external accounting
• management accounting
• project accounting
• positive accounting
• social accounting
• environmental accounting
• tax accounting
• assurance services
• audit
• information technology audit
• internal audit
• external audit

These are but some services that are offered by accountants and auditors. To better elaborate on these services, approach the professionals since they are able to give a better explanation and overview.

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